Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Trading Up 4.1%

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)’s share price were up 4.1% during trading on Friday . The company traded as high as $5.19 and last traded at $5.13. Approximately 5,474,988 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 36,663,250 shares. The stock had previously closed at $4.93.

Direxion Daily S&P Biotech Bull 3x Shares Trading Up 6.7 %

The company has a 50-day moving average of $5.52 and a two-hundred day moving average of $5.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter valued at $36,000. Howard Financial Services LTD. purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth $49,000. Advisor Group Holdings Inc. lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 64.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,190 shares of the company’s stock worth $50,000 after acquiring an additional 1,255 shares during the period. PayPay Securities Corp lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 182.6% during the 2nd quarter. PayPay Securities Corp now owns 9,549 shares of the company’s stock worth $57,000 after acquiring an additional 6,170 shares during the period. Finally, Spire Wealth Management lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 20.0% during the 1st quarter. Spire Wealth Management now owns 12,000 shares of the company’s stock worth $59,000 after acquiring an additional 2,000 shares during the period.

Direxion Daily S&P Biotech Bull 3x Shares Company Profile

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.